There are clearly two constants in the new epoch of American poli-finance. Daily Obama press conferences and monthly admonitions from financial dominatrix Meredith Whitney. The latest target: the U.S. credit card industry, which, with a crack of the whip and a biting string of verbal abuse (can be ordered a la carte, or with the FemDom Platinum package) has contritely, and prematurely, pulled-out credit lines to the tune of $2 trillion.
The popcorn is being passed around Dealbreaker offices as I type this, as the Dollar Dom ("Economy is going to pieces,") facing off with the President Elect ("No, economy is heading for recovery") promises to deliver quite a show.
Trillions in Credit Line Cuts Ahead: Whitney [CNBC.com]
Posted by guest , Dec 01, 2008 12:35PM
CNBC has the 9 box on at present!
Posted by Anal_yst , Dec 01, 2008 12:36PM
The fanfare with which she makes such announcements is painful at best. It is (nor has it been for some time now) no surprise that revolving credit facilities (both corporate and consumer) are going to be part of the next sh!tshow.
Posted by guest , Dec 01, 2008 12:39PM
i hate this fat bitch!
Posted by guest , Dec 01, 2008 12:42PM
Everyone knew this, bitch is stating the obvious, can't stand her self righteous face, hope Dick Fuld will take out her gay ass wrestler boyfriend so the way is free for vikram p to practice the dark chapters of the kamasutra on her.
PEB.
Posted by Investorcluzo , Dec 01, 2008 12:47PM
what's next meredith? oh, wait, nber just officially called the economy in recession so mw will need a something else. perhaps she will tell us pawn shops will stop lending too? seriously, time to find a new tune. this one is played out. I think m w is determined to get more press than obama...
Posted by VOL IS KING , Dec 01, 2008 12:47PM
Introducing the VOL is KING Imaginary Volatility Index: iVIX you guys want to know what volatility is forget about the VIX just post comment on here and I'll make up a number for the iVIX, much more reliable than letting the market makers do it, cuts out the middle man too.
Posted by guest , Dec 01, 2008 12:50PM
Just so you know, the preferred spelling for the word which means "dominant female" is "Domme." A "Dom" is a dominant male.
Believe it or not I've seen people almost come to blows over this. I suspect it would have been more of a slap fight, but still. If you're going to call her something, you might as well use the right word.
Posted by guest , Dec 01, 2008 12:57PM
What's the diff between Vol Is king's mouth and a woman's vagina?
there is none. I want my penis inside both of them.
The Guy from Delaware
Posted by guest , Dec 01, 2008 12:57PM
I can't believe 1-7 doesn't work for a big house who is turning into a bank who had enormous conflicts of interest!
You people are jeolous that she had the independence to correctly call you a bunch of frauds. The lack of intellectual independence and honesty, quite frankly, is what brought down Wall Street. A pox on all your houses!!!
Long live M.Whitney's integrity, brilliant, and foresightful reports!
Posted by guest , Dec 01, 2008 12:59PM
Forget Nailin Palin - the P*rn movie of 2009 will be 'Meridith Whitney - Analyzed'
MW works late at night in her office. Than she is 'visited', one by one, by chuck prince, vikki p, john thain, jimmy caine, dick fuld and finally stan o'neal.
all long, no short. Enjoy bitches.
Posted by guest , Dec 01, 2008 1:02PM
@8 & @9
What's the diff between Vol Is king's mouth and a woman's vagina?
there is none. I had/have my penis inside both of them.
The Real Guy from Delaware
Posted by Falcon , Dec 01, 2008 1:02PM
I had lunch with her a year ago and she was saying this then. Everyone acting like she just said this now is an idiot.
Anybody that hates her is likely one of the frauds from the Burst Brackets.
Posted by guest , Dec 01, 2008 1:07PM
Falcon you little bitch in what kind of back alley sweatshop do you spend your misserable days?
Posted by Investorcluzo , Dec 01, 2008 1:17PM
@9/12 - for the record, I agree m to the w made a great call. I'm not faulting her (or calling her an "idot", like plaxo) for that. however, she continues to rattle the cage with her same old tired analysis. how many time can you say c et. al. will fail? her information is NOT new. visa, mastercard and american express are all down more than 50% since june (how prescient is a call in dec?). yes, they may have further to fall, but how about something original - like which "good" banks have been thrown out with the bath water. why do I need her analysis when I could buy the skf which has jumped more than 50% since oct?
Posted by guest , Dec 01, 2008 1:29PM
*puts on consumer hat* note to self: max out line of credit. have balls to ask for more.
Posted by guest , Dec 01, 2008 1:32PM
The President can change the rules of the game. MW can't.
She called it. She earned it. Deal with it.
Posted by Anal_yst , Dec 01, 2008 1:37PM
@9/12
Agreed with Cluzo. This info is a year stale, not incorrect, and even she's spoken about it previously. How about, as cluzo mentioned, something useful, like, instead of who's f*cked, who actually looks ok/good and will come out of this whole thing (relatively)unscathed?
Posted by Falcon , Dec 01, 2008 1:39PM
@13, learn how to fucking spell if you are going to try to go at it with me. I work on the buy-side, and I just got a bonus and a raise you unemployed bitch.
Posted by guest , Dec 01, 2008 1:48PM
@18
You mean you work in purchasing, got inflation correction and your stapler got upgraded.
you suck Falcon, now fuck off.
Posted by Falcon , Dec 01, 2008 1:49PM
Cluzo, I am not sure if I am correct, but I believe she only covers mega cap banks and has sells on all of them (maybe one hold). An analyst is supposed to give their objective opinion on a company. She does not think they are worth owning. So what's the problem? I would assume that she will put a buy out when she deems it appropriate. Just because she has held firm does not mean it's "tired" analysis, it just means her opinion has not changed yet.
Posted by Falcon , Dec 01, 2008 1:54PM
@19...you are a jealous pussy
Posted by guest , Dec 01, 2008 2:10PM
Tipper Gore is she
Decor by Crate & Barrell
Posted by guest , Dec 01, 2008 2:34PM
@18, the only people getting raises are those who work in HR...wait a minute...is that you wide-clopse??
Posted by Investorcluzo , Dec 01, 2008 2:45PM
@20 - "mega cap" banks, are there any left?). for the record she covers the following: axp (perform); bac (perform); c (underperform); cof (perform); gs (perform); jpm (perform); ms (perform); schw (perform); ubs (under); wb (not rated); wfc (under). it seems to me that anyone that bearish should be underperform on that entire group. I'm not sure how long she's been holding steady on these names, but if she ate her own cooking, her porfolio would be underwater. one can make a case that some are oversold (now) – but her analysis, as she suggested previously, leads us into a black hole from which we may not return. take a look at the research for yourself (I’ll make sure bess gets it) – dire…
notice how she released the report last night. the report was likely finished last week, but no one would have noticed. get it out overnight and the press will eat it up on a slow monday morning. she knows how to grab attention (I guess I can't fault her marketing skills either).
Posted by NAS Keflavik boi , Dec 01, 2008 3:19PM
I would thoroughly enjoy placing that Zebra-skin rug off that wall, placing it on the floor, and then forcefully but playfully taking MW from behind upon it.
Posted by guest , Dec 01, 2008 4:33PM
@21 Falcon why don't you go have lunch with meredith again while fingerbangin' your own ass.
Posted by paydayloans , Dec 05, 2008 12:18AM
The United States of America’s economy is currently in a shrink which is caused by reduced economic activities. Payday loans certainly didn’t get America into this mess. Apparently, December 2007 is the "official" point where economists mark the beginning of our current recession. The National Bureau of Economic Research (NBER) group identifies peak activity at that point, and the U.S. economy has been declining ever since. NBER defines recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators." The government, academics and the private sector generally consider NBER’s judgment the authority on the matter, so it’s as close to official as possible. The determination is made based upon employment, incomes, industrial output and sales data. Employment and incomes peaked that December, industrial output peaked in January and sales peaked in June. Democrats said this wasn’t surprising and called for an economic stimulus package. According to Senate Majority Leader Harry Reid, D-Nevada, "The announcement simply makes official what we have long known: with rising costs of living, rising unemployment, record foreclosures and depleted savings, we must do more to help families make ends meet." Not ceding to banks’ desire to ban pay day loans would help, too. Reid said a recovery package must create good-paying jobs in the U.S., cut middle class taxes and instill confidence to stabilize the market. Just to show you that this works in cycles, America had experienced expansion from November 2001 to December 2007. That’s 73 months, a long cycle. One expansion lasted 120 months. However, the average expansion since the end of World War II is 57 months. For more info on http://personalmoneystore.com/moneyblog/what-are-payday-loans-2/, click the link.